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Obama Library Bidders Asked To Submit Qualifications

“Presidents just are not very well equipped to the lead the country right now,” he says. Mackenzie said it’s one thing for a bunch of college presidents to nod in agreement as they did in January when they met with Obama about making college more accessible to the disadvantaged, but concrete change is far from guaranteed when the summit microphones are turned off and “the financial realities push you in the opposite direction.” The White House insists its “year of action” is off to a strong start. Obama’s “pen” has been put to work on a number of executive orders and directives, including measures to boost the minimum wage for workers on new federal contracts, strengthen overtime pay protections for millions of workers and push tougher fuel efficiency standards. Officials say his “phone” work has produced a string of private commitments to advance important causes: $1 billion in pledges to help students gain access to high-speed Internet and cutting-edge technology; $200 million from foundations to support programs that help young people stay out of jail and go to college and promises from major U.S. companies to hire the long-term unemployed, among others.
Source: http://news.yahoo.com/obama-using-powers-persuasion-advance-agenda-071137229.html

UC Irvine will hold a large ceremony at Angel Stadium in Anaheim on June 14 for all graduating students, but each of the 12 undergraduate and graduate schools also will have their own individual or shared ceremonies. The schools’ faculty and students generally pick their own commencement speakers, who have included Orange County Sheriff Sandra Hutchens and Olympic diving champion Greg Louganis, but Irvine officials decided last year they wanted to host Obama to mark the campus’ 50th anniversary. President Lyndon B. Johnson had attended the campus’ dedication and Irvine officials thought having Obama would be a nice way to close the circle, according to school administrators. So far, Obama is not scheduled to speak at any other colleges or universities this year, the White House said, although presidents often speak at three, usually a military institution and a public and private campus. UC Irvine administrators sent an invitation to the White House last spring and then began asking alumni and students for help recruiting the president by signing postcards and participating in videos.
Source: http://www.latimes.com/local/la-me-obama-irvine-20140321,0,5225432.story?track=rss

Obama won’t be talking politics during her week-long visit to three Chinese cities Her mother and her two daughters are also joining the trip (CNN) — First lady Michelle Obama is in China for an official visit to expand Sino-American relations, but she will refrain from talking about political differences. Mrs. Obama, who flew Wednesday from Washington, D.C., is making a week-long trip to three Chinese cities and will speak with children at several schools about the importance of education and youth empowerment. The U.S. first lady has several activities and events scheduled Friday with Chinese first lady Peng Liyuan.
Source: http://www.cnn.com/2014/03/20/politics/michelle-obama-china/index.html

I thought it was a pretty cheap stunt myself. Getting a bunch of celebrities in the background you feeding them pizza. Obama appeared on the show to urge people to sign up for health insurance, part of his final sales pitch ahead of the March 31 deadline to enroll for Obamacare. You never know what life is going to throw at you, he said. You can now get health insurance for $100 a month or less. It gives you some financial security. DeGeneres kicked off the interview by telling the audience she had to student loan forgiveness act 2012 update check in on her friend Michelles husband while she was out of town. The first lady is currently in China.
Source: http://abcnews.go.com/blogs/politics/2014/03/obama-jokes-with-ellen-about-her-pretty-cheap-stunt/

EDT March 20, 2014 President Obama, his wife, Michelle, and former first lady Barbara Bush attend the opening ceremony of the George W. Bush Presidential Center on April 25, 2013, in Dallas. (Photo: Kevork Djansezian, Getty Images) SHARE 26 CONNECT 8 TWEET 8 COMMENTEMAILMORE WASHINGTON Supporters of President Obama charged with heading the hunt for his future presidential library announced Thursday that institutions that want to host the library will soon have to submit their qualifications. The Barack Obama Foundation says interested institutions will have until June 16 to provide initial information about how their proposals “will fulfill the guiding principles” of the library. Interested groups are asked to offer details about their proposed sites, including transportation access.
Source: http://www.usatoday.com/story/news/politics/2014/03/20/obama-presidential-library-qualifications/6660767/

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Hot Stocks For Monday, March 17

Hot Stocks

Kandi Technologies (NASDAQ:KNDI) is often described as a go-kart manufacturer. Actually, the Jinhua-based company develops and manufactures electrically-powered specialty vehicles, including: all-terrain vehicles, utility vehicles, three-wheeled motorcycles, mini-cars, as well as go-karts. On Monday, KNDIs share price skyrocketed 23.33 percent to $21.41 after the company reported fourth-quarter earnings. Kandis revenue soared 92 percent to $50.6 million, with $40 million of the companys revenue resulting from a 193.7 percent increase in its sale of electric vehicles. KNDI sold 3,568 electric vehicles during the fourth quarter. On a year-over-year basis, KNDIs profits jumped 259 percent to $4.6 million compared with $1.3 million during the fourth quarter of 2012. Better yet, many investors are anticipating that the company will benefit from Chinese government incentives for electric vehicle manufacturers with expanding efforts to fight the nations air pollution problem. Mondays other star from China was Sky-mobi (NASDAQ:MOBI) a Hangzhou-based provider of mobile software applications. MOBI shares soared 12.42 percent to $11.13 on Monday, after the company announced a partnership between its subsidiary, Mopin Technology and China Unicoms Wo Store. The press release issued by Sky-mobi focused on the idea that customers will be able to receive some degree of tech support at the Wo Store: Michael Tao Song, Chairman and Chief Executive Officer of Sky-mobi stated, We have been arduously working on this project since 2010 when we found through customer feedback that customers visiting the operators physical stores expected more than just assistance with choosing and purchasing a new phone.
Source: http://www.wallstreetsectorselector.com/2014/03/hot-stocks-monday-march-17/

Up 560%, hot momentum stock?

And five other biotechs rallied anywhere from 34% to 90% following their offerings.” Jorg Greuel | Digital Vision | Getty Images The next IPO that Cramer thinks could follow the pattern outlined above hits markets this week. It’s MediWound, which is expected to price on Thurs., March 20, between $14 and $16.” “This is an Israeli biotech firm,” Cramer said. “It makes a drug called NexoBrid that could transform the way in which burn victims are treated.” As groundbreaking as this and other potential new drugs may be, “the company doesn’t expect to turn a profit until 2018, when NexoBrid comes up for FDA approvalthat’s a long way off,” Cramer said. Therefore, “I’m recommending this as a trade off of the IPO, not necessarily as a longer-term investment.” “I bet it will give you a nice pop on its first day of trading. I think the stock could quickly trade up to around $22,” Cramer said.
Source: http://www.cnbc.com/id/101500929

Kandi Car 300x199 Hot Stocks for Monday, March 17

Then, “The second leg of the rally came in November, when investors learned that the company had gone into business with Apple .” Investors bought the stock on speculation that Apple might switch from Corning-made glass for its iPhone touchscreens to more durable sapphire products made by GTAT. Although that kind of announcement would likely drive a further advance, “We can’t be sure that Apple’s going to make this move,” Cramer said. Therefore, Cramer sees this stock as a spec play only. “If you like this story, I say wait for the next market-wide sell off; then you have my permission to buy GTAT, but only for speculation.” ———————————————————- SunEdison In the past year, shares of SunEdison have gained a whopping 350%. “Until last June, this hottest stock today company was known as MEMC and traded under the symbol WFR,” Cramer said.
Source: http://www.cnbc.com/id/101501132?doc=101501132%7cUp%20560%,%20hot%20momentum%20sto&.tsrc=mobifone

Could this stock surge on the IPO?

The stock closed at Rs116.68 with a gain of Rs3.05 on trade turnover of 7.25 million shares. An analyst said that investors accumulated shares on the expectation for good earnings. Pakistan State Oil also remained the hot stock among traders at the KSE on Tuesday. The stock closed at Rs422.64 with a gain of Rs5.33 on trade turnover of 2.20 million shares.
Source: http://www.thenews.com.pk/Todays-News-3-239029-Hot-Stocks

Hot Stocks: Geron Corporation (NASDAQ:GERN), Synovus Financial Corp. (NYSE:SNV), Staples, Inc. (NASDAQ:SPLS), IsoRay, Inc. (NYSEMKT:ISR)

Why Should Investors Buy SPLS After the Recent Fall? Just Go Here and Find Out IsoRay, Inc. ( NYSEMKT:ISR ), declared that IASIS Medical has received formal approval for the sale of IsoRays complete product line in Greece. ISR is a clinical technology company and modernizer in seed brachytherapy and medical radioisotope applications for brain cancer, lung cancer, head and neck cancer, prostate cancer and gynecologic cancer. IsoRay, Inc.
Source: http://www.techsonian.com/hot-stocks-geron-corporation-nasdaqgern-synovus-financial-corp-nysesnv-staples-inc-nasdaqspls-isoray-inc-nysemktisr/12144813/

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Portions Of Student Loans Are Increasingly Going Toward Non-college Expenses

The Education Departments inspector general warned last month that the rise of online education has led more students to borrow excessively for personal expenses. Its report said that among online programs at eight universities and colleges, non-education expenses such as rent, transportation and miscellaneous items made up more than half the costs covered by student aid. The report also found the schools disbursed an average of $5,285 in loans each to more than 42,000 students who didnt log any credits at the time. . Even when schools suspect students are over-borrowing, they are restricted by federal law and Education Department policy from denying funds. College and university trade groups are pushing legislation this year to set lower maximum loan limits for some types of students, such as part-timers.
Source: http://blog.acton.org/archives/66463-student-loan-update-im-government-im-entice-debt-slavery.html

Are student loan debts setting the stage for the next bubble?

The figure for living expenses is determined by each school and can make it easier to get a student loan than a more traditional loan from the bank. The federal government performs no credit checks for most student loans. An article by the Wall Street Journal examines the rampant use of student loans for non-college expenses. It followed a warning by the U.S. Education Departments inspector general last month about the rising popularity of online education, which has led more students to borrow excessively for personal expenses.
Source: http://ecreditdaily.com/2014/03/portions-of-student-loans-are-increasingly-going-toward-non-college-expenses/

Several recent court decisions have challenged the notion that only the worst-off borrowers, typically those who are permanently disabled, can get education debt erased. The borrowers who won these discharges had low costs, either receiving free legal help or representing themselves. In most cases, borrowers in bankruptcy don’t even ask for help because they figure a discharge of debt is so rare. In one study of 170,000 student loan debtors who filed for bankruptcy protection in 2007, only 51 won full discharges of their debt and 30 received partial discharges. The author of the study, which was published in the American Bankruptcy Law Journal, found that only 213 of the student loan debtors studied even tried to have their education debt discharged by filing what’s known as an “adversary proceeding.” Since bankruptcy law doesn’t allow student loans to be erased in a regular filing, this extra step is necessary before education debt can be discharged.
Source: http://www.reuters.com/article/2014/03/04/us-column-weston-bankruptcy-colum-idUSBREA2326420140304?feedType=RSS

Student loans were never securitized to the extent that mortgage debt was. Student-loan debt also has warped the economy, contributing to a shortage of primary-care doctors and stymieing entrepreneurship. That doesn’t mean student loans aren’t a drag on the economy as a whole. Analysts say that student loan debt has had widespread economic repercussions. In a report published last year, the Consumer Financial Protection Bureau said student debt is one reason that 20- and 30-somethings seem to be living a prolonged adolescence, including living with their parents, failing to contribute to retirement accounts and postponing big consumer purchases such as cars.
Source: http://www.usatoday.com/story/money/personalfinance/2014/03/03/ozy-student-debt/5976111/

Bankrupt? How to get student loan debt erased

Loans average $750, and a repayment rate of 99 percent, which shows that students will pay back their loans if given the opportunity. As students continue to successfully repay their loans, they are creating that repayment history and opening the door for millions of other students in the future. Beginning on April 2, all student loans sourced by Vittana.org will be posted on Kivas website for crowdfunding rather than on the Vittana website. Visitors will be able to browse through the stories and profiles of students and select one they want to support with a loan of $25 or more. Kiva connects millions of people around the world through lending to alleviate poverty in areas lacking access to traditional banking systems. With as little as a $25 loan, anyone can help a borrower to start or grow a business, go to school, access clean energy and realize his or her potential.
Source: http://www.triplepundit.com/2014/03/kiva-vittana-crowdfund-student-loans-developing-world/

Reuters/Keith Bedford Maybe its just a sign that the markets are getting overheated :Americans are taking out student loans in part to cover everyday expenses. The Wall Street Journal visit homepage reports on this phenomenonin which borrowers are using student loans as stop-gap financing to cover everything from monthly bills to groceries to previous student loan payments.The development is particularly troubling as student loans hit astaggering $1.1 trillion, and as college tuition costs continue to rise . While some of the growth in student loans is attributable to people seeking more education, the Journal explains, these loans are attractive for other reasons too: For one thing, many of those seeking student loans can avoid credit checks. This combination of rising costs and opportunistic borrowers leaning more on ever-growing student debt seems like a recipe for trouble. The only consolation is that the private banking system may emerge relatively unscathed. Thats because the US government, which has basically taken over the student-lending business over the last few years, would be on the hook for bad loans.
Source: http://qz.com/183296/are-student-loan-debts-setting-the-stage-for-the-next-bubble/

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Global Stocks Slide As Tensions Build In Ukraine

2 Stocks to Watch: Best Buy Surprises; Tesla Motors Capitalizes

“Clearly geopolitical risks are elevated, but it’s too early to tell about the longer-term implications,” Sandven said. “It’s still a buy-on-the-dip equity market and the fundamental backdrop is still favorable for equities to trade higher.” The developments in the Ukraine also overshadowed some encouraging developments on the U.S. economy. Manufacturing in the U.S. expanded at a faster pace in February as new orders and businesses boosted their stockpiles.
Source: http://news.yahoo.com/global-stocks-slide-tensions-build-ukraine-215603345–finance.html

J.P. Morgan’s Top Chip Stocks to Buy on the Strong Start to 2014

Here are the five top names to buy at J.P. Morgan that are seen to directly benefit from the early 2014 sales success. Altera Corp. (NASDAQ: ALTR) makes the top five at J.P. Morgan and is a stock to buy now.
Source: http://www.marketwatch.com/story/jp-morgans-top-chip-stocks-to-buy-on-the-strong-start-to-2014-2014-03-03

Bancorp the only dividend stock Buffett loves? One of the dirty secrets that few finance professionals will openly admit is the fact that dividend stocks as a group handily outperform their non-dividend paying brethren. The reasons for this are too numerous to list here, but you can rest assured that it’s true. However, knowing this is only half the battle.
Source: http://www.fool.com/investing/general/2014/03/03/3-reasons-to-buy-this-stock-warren-buffett-loves.aspx

Stocks fall as Ukraine tensions rise; Gold gains

It should reduce domestic debt to 52 percent of assets in the next few months, the lower limit of its current policy, he said. Allocations need to be revamped to allow a more dramatic shift and GPIF should seek to mimic global peers, who have 35 percent to 40 percent of their portfolio in bonds, according to Ito. Japanese bonds accounted for 55 percent of the funds portfolio at the end of December, the smallest share since GPIF was established in its current form in April 2006. The fund held 17 percent of its assets in local shares last quarter, 15 percent in foreign equities and 11 percent in overseas bonds, according to a statement on its website . GPIFs target allocation to domestic bonds is 60 percent, with asset managers given permission to deviate from this by as much as 8 percent.
Source: http://www.bloomberg.com/news/2014-03-03/gpif-pressure-to-buy-stocks-to-benefit-public-ito-says.html

3 Reasons to Buy This Stock Warren Buffett Loves

The yield on the 10-year Treasury note fell to 2.61 percent from 2.65 percent late Friday. THE REACTION: Stock markets are reacting exactly as one would expect them to in a time of heightened global political tensions, said Phil Orlando, chief equity market strategist at Federated investors. Investors are selling riskier assets like stocks and buying safer securities like U.S. Treasurys and gold.
Source: http://www.washingtonpost.com/business/stocks-fall-as-ukraine-tensions-rise-gold-gains/2014/03/03/16a05714-a305-11e3-b865-38b254d92063_story.html

GPIF Pressure to Buy Stocks to Benefit Public, Ito Says

To be sure, if the retailer’s strategy was to talk analyst estimates down following the holiday period so that they could go on to over-deliver, they were extremely successful, as the consensus estimate for fourth-quarter earnings per share fell from $1.62 in late December to $1.01 after the company’s January update . That set Best Buy up for a significant beat, as adjusted EPS came in at $1.24, with EBIDTA (earnings before interest, taxes, depreciation, and amortization — a measure of cash flow) of $815 million also beating the consensus estimate. That success comes from Best Buy’s work to get really lean — at an annual run rate of $775 million, its cost-cutting efforts exceeded expectations in the fourth quarter. CEO Hubert Joly is now aiming for $1 billion in annual cost cuts, which would set the company up to compete more effectively in a knock-down war with other big-box and online retailers.
Source: http://www.fool.com/investing/general/2014/02/27/2-stocks-to-watch-best-buy-surprises-tesla-motors.aspx

Best Buy stock jumps on return to profit

J.C. PENNEY: Stock surge after earnings news “The fourth quarter was an environment of declining retail traffic, intense promotion, fewer holiday shopping days and severe company website weather,” said Joly, in a statement. “In the face of these unusual circumstances, our strategy to be price competitive and prove an improved customer experience resulted in market share gains.” Net income after paying preferred dividends totaled $293 million, or 83 cents per share. That compares with a loss of $409 million, or $1.21 per share last year. Excluding results from discontinued operations, net income was $1.24 cents per share, easily beating the $1.01 that analysts had projected, according to a poll by FactSet.
Source: http://www.usatoday.com/story/money/business/2014/02/27/best-buy-stock-holiday-shopping-fourth-quarter-results-stock/5858271/